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The Benchmark Company analysts initates a Buy rating for Blink Charging Co (BLNK)

Blink Charging Co’s recent filing unveils that its Director LEVINE JACK acquired Company’s shares for reported $34000.0 on Sep 26 ’24. In the deal valued at $1.70 per share,20,000 shares were bought. As a result of this transaction, LEVINE JACK now holds 175,718 shares worth roughly $0.38 million.

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Then, Peterson Kristina A. sold 24,077 shares, generating $43,377 in total proceeds. Upon selling the shares at $1.80, the Director now owns 0 shares.

Before that, Peterson Kristina A. sold 4,510 shares. Blink Charging Co shares valued at $12,515 were divested by the Director at a price of $2.77 per share. As a result of the transaction, Peterson Kristina A. now holds 0 shares, worth roughly $0.0.

The Benchmark Company initiated its Blink Charging Co [BLNK] rating to a Buy in a research note published on July 31, 2024; the price target was $5. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. UBS began covering BLNK with “Buy” recommendation on September 27, 2023. Barclays started covering the stock on March 28, 2023. It rated BLNK as “an Equal weight”.

Price Performance Review of BLNK

On Tuesday, Blink Charging Co [NASDAQ:BLNK] saw its stock jump 6.97% to $2.15. Over the last five days, the stock has gained 0.94%. Blink Charging Co shares have fallen nearly -36.58% since the year began. Nevertheless, the stocks have fallen -20.96% over the past one year. While a 52-week high of $4.66 was reached on 07/16/24, a 52-week low of $1.53 was recorded on 09/09/24. SMA at 50 days reached $1.88, while 200 days put it at $2.60.

Levels Of Support And Resistance For BLNK Stock

The 24-hour chart illustrates a support level at 2.05, which if violated will result in even more drops to 1.94. On the upside, there is a resistance level at 2.21. A further resistance level may holdings at 2.26. The Relative Strength Index (RSI) on the 14-day chart is 56.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.74%. Stochastics %K at 34.27% indicates the stock is a holding.

How much short interest is there in Blink Charging Co?

A steep rise in short interest was recorded in Blink Charging Co stocks on 2024-10-15, dropping by -0.37 million shares to a total of 24.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.31 million shares. There was a decline of -1.5%, which implies that there is a negative sentiment for the stock.

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